Data on the benefits of female leadership cannot save us. We are not moved by data. We are moved by imagery, we are moved by art, and we are moved by people who inspire us.
In Simon Sinek’s epic Golden Circle, he reminds us that decisions are made in our limbic system, which is nonverbal. That is why “Fearless Girl,” which will be staying on Wall Street till February 2018, just may have a shot to change the intellectual landscape of Wall Street.
Passion and participation are key drivers for positive change.
We are really lucky in Western New York to have Elisa Miller-Out and Kathryn Cartini who have vision for getting funding to women founders with Chloe Capital. They are working on accelerating innovative solutions to the gender gap in innovation, entrepreneurship and investing.
“We’d like to see that 5 percent of venture capital funds that are going to women entrepreneurs increase to 50 percent to 51 percent, representing our percentage of the population,” Miller-Out said recently at a RocGrowth Candids event. “Furthermore we’d like to see more funding going to women from underrepresented groups such as the Latina and African-American communities.”
Chloe Capital is investing in diverse teams that have a range of genders on the founding team.
“We’d just like to make sure they have at least one founder who identifies as female,” Miller-Out said. “We believe (and the numbers show) that diverse teams perform better and we also welcome investors across the gender spectrum and from all backgrounds. We need to all work together to solve the gender gap.”
Korn Ferry just released a report regarding strategies for the next generation of female executives and how companies can pave the road. They secured the participation of 57 female CEOs — 41 from Fortune 1000 companies and 16 from large privately-held companies. A key component for success is to ensure sponsors. When women reach the senior executive level, crucial support relationships shift from mentors, who offer encouragement and advice, to sponsors, who take a hands-on role in managing career moves and promoting executives as potential CEOs.
This point struck a positive cord as both Miller-Out and Cartini acknowledge the impact their fathers’ belief had on their own sense of empowerment. To sit at the table, people have to be invited. We all have a role to uplift, acknowledge and mentor.
Jennifer Sertl is an internationally recognized influencer in social media and thought leader in the emerging field of corporate consciousness. She is president and founder of Agility3R, a leadership development company dedicated to strengthening strategic skills and helping leaders become more resilient, responsive, and reflective.